Posts Tagged ‘capital gains’
Senate Pushes for 30% Buffet Tax
If Obama has his way, and with the help of the Senate, millionaires would pay a minimum 30% effective tax rate under a law and is named after billionaire investor Warren Buffett. Nicknamed the Buffet Rule, the tax bill reflects Democrat Obama’s bid ahead of November elections to highlight the sort of unfairness he says is represented by Buffett’s tax anomaly – that he pays a lower effective rate than his secretary does.
